Happy Holidays! Merry Christmas!
It seems like almost everyone is shopping for food and gifts to celebrate the holidays, and some are also shopping for homes!
Here are some market statistics for you for the year to date in Anne Arundel County, compared to last year:
- Average Discount Off Original Price: 4.3% (was 5.8%)
- Average Days on the Market: 75 (down 11.76%)
- Number of Homes for Sale: 2,386 (down 10.00%)
- Total Sales: $3,067,017,614 (up 15.81%)
- Average Sold Price: $364,904 (up 1.64%)
- Real Buyers (Home Sold): 8,404 (up 13.94%)
Final numbers for the year will come out in January, and I want to give you the early data now. It’s a seller’s market. Inventory is low, with just 3.3 months of property on the market. And, as you may have heard, the Fed just raised interest rates yesterday. Local mortgage brokers told me that this has already resulted in increasing mortgage rates and volatility. The uncertainty will motivate many savvy buyers to move more quickly than they might have otherwise.
All of which means, we are looking for more sellers, who would like to take advantage of the situation. Now is the time to get started, in order to complete a move next year. Who do you know who might be interested in making a move?
If you know someone who is curious what their house would fetch in today’s market, and what else might be available, please introduce us. I’m happy to help them find that out!
P.S. Considering a move? Please call for a confidential chat. Your personal needs, wants, and finances are my priority and my passion and my specialties run from waterfront luxury estates to distressed properties.
Call me today for your Annapolis real estate needs, or for an introduction to a great real estate agent anywhere.